Friday, March 29, 2024
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BIS Chief Blasts Bitcoin’s Viability, Prompting Blowback From Advocates

The chief banker at the bank for central banks, Agustín Carstens, cast doubt on bitcoin’s long-term viability Wednesday, saying it was only a matter of time before a 51% attack brings down the world’s original cryptocurrency.Carstens’ comments, which he delivered to the Hoover Institute, underscored his belief that bitcoin fails

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IRS to transition from ‘education to enforcement,’ says former division chief

A former top investigator is warning that “a high-stakes game of chicken” between the Internal Revenue Service (IRS) and cryptocurrency holders who fail to properly report their earnings will be entering a new phase in 2021 as the tax collection agency begins to focus on pursuing “civil and, potentially, criminal

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SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection

It’s been a busy couple of weeks for Switzerland’s digital asset exchange, SDX.In chronological order (and pardoning the unavoidable alphabet soup): Last week SDX’s parent company, SIX, announced test results around the “feasibility” of wholesale central bank digital currencies (CBDCs), involving the Swiss National Bank (SNB) and Bank of International

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